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Hengdeli Holdings ( (HK:3389) ) has provided an announcement.
Hengdeli Holdings Limited has announced a voluntary unconditional general cash offer by Empire Charm Limited, facilitated by GTJA Securities and CMBC Securities, to acquire all issued shares not already owned by Empire Charm Limited and Ms. Fung at HK$0.14 per share. This offer, which covers 2,289,871,035 shares, amounts to a total cash consideration of approximately HK$320,581,945. The acquisition aims to consolidate ownership and potentially impact the company’s market positioning and stakeholder interests.
The most recent analyst rating on (HK:3389) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Hengdeli Holdings stock, see the HK:3389 Stock Forecast page.
More about Hengdeli Holdings
Hengdeli Holdings Limited, incorporated in the Cayman Islands, operates in the retail industry, primarily focusing on the sale of luxury watches and related accessories. The company is listed on the Hong Kong Stock Exchange and serves a market that includes high-end consumers seeking premium timepieces.
Average Trading Volume: 799,253
Technical Sentiment Signal: Hold
Current Market Cap: HK$550.5M
Find detailed analytics on 3389 stock on TipRanks’ Stock Analysis page.